Cryptocurrency Analysis and News Portal
After an agonizing 35% loss in the past 24-hours, Bitcoin (BTC) finally bounced at $30,000 earlier today in the May 19 trading session. A total of $3.5 billion in liquidations took place, which might have accelerated the movement, but they can't really be entirely blamed for the move.However, the weakness
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Bitcoin price is likely forming a double bottom pattern near the $42,150 zone against the US Dollar. BTC is showing positive signs and it could climb towards $47,000. Bitcoin is finding a strong buying interest above the $42,000 and $42,150 support levels. The price is still trading well below $47,000 and the
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Bitcoin, Ethereum, and just about every other asset on the planet trades against the dollar on its most liquid trading pair, and the greenback is the base currency that all exchanges rates are based on. The power and influence of the almighty dollar cannot be understated, and the crypto market could
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XRP price is back trading at right around a dollar per token, but according to a rare bottoming pattern spotted by a legendary technical trader on the Bitcoin trading pair, the surge is only just getting started. However, there’s a catch. When it comes to this particular chart pattern and crypto
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Litecoin is often called the silver to Bitcoin as digital gold, and strangely, the two cryptocurrencies and two precious metals are exhibiting the same behavior where one is lagging behind the other. The lack of momentum in the digital and physical forms of silver have kept the price of both assets
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Bitcoin’s (BTC) price has been broken past a major resistance level of $52,000 in the past few days and approaching the all-time high region. However, other cryptocurrencies are rallying heavily as well. In the recent months, the market has seen massive surges for Cardano (ADA), Polkadot (DOT) and Cosmos (ATOM).These
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In brief:Bitcoin’s SOPR indicator has seen a full reset, turning negative for the first time in 5 monthsThe indicator points to a possible local bottom for BitcoinThe last time it fell this low, Bitcoin went from $33,400 to $57,400The crypto fear and greed index has fallen to levels last seen
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With only a 30% pullback on the books, it is hard to consider the most recent consolidation phase in Bitcoin much of a correction. But whatever base is currently being built within this range, could act as the next bear market botton after the leading cryptocurrency by market cap tops
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Bitcoin has undergone an extreme rally over the past day, surging from the $33,000 region past $37,000 as of this article’s writing. The cryptocurrency now sits above $37,000 for the first time since the weekend and is up 10% in the past day’s trading session. The cryptocurrency is outperforming altcoins in
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Bitcoin and the entire cryptocurrency market have seen mixed price action throughout the past week It has mainly favored bears, with the selling pressure seen when BTC broke below $40,000 being quite significant This led the entire market to plunge lower, but bulls are now in the process of reversing this decline
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